Indian space-tech startup Pixxel has raised $24 million in additional Series B funding. Bringing the total Series B round to $60 million and its overall funding to a remarkable $95 million! 🔭 Pixxel is creating the world’s highest-resolution hyperspectral satellite constellation, capable of spectrally fingerprinting Earth in ways traditional imaging cannot. With over 250 spectral bands and an impressive 5-meter resolution, their satellites are designed to revolutionize Earth observation and climate action. 💡 Backed by global investors like Google, M&G Catalyst, and Glade Brook Capital Partners, Pixxel aims to: Deploy 18 commercial hyperspectral satellites. Scale its Aurora AI-driven Earth Observation platform. Expand its satellite manufacturing capabilities. CEO Awais Ahmed envisions these advancements transforming humanity's understanding of global challenges. This marks a major milestone for India’s space-tech ecosystem, positioning Pixxel as a leader in both national and global arenas. 🚀 What do you think this funding means for the future of Earth observation and climate tech? Let’s discuss in the comments! #SpaceTech #Innovation #HyperspectralImaging #ClimateAction #Startups #FundingNews
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🚀 #DeepTechBriefing is out!! This week, we kick things off with #OpenAI, which has just closed a staggering $6.6B raise. But that’s not all—they're making waves with a bold move: an employee share buyback plan. It’s a bold strategy to lock in top #talent as the race for #AI dominance intensifies. Next, we’re looking at Anaphite, a startup that's revolutionizing the #EVs #battery space. Their dry-coating technology could cut energy usage by 90%, a potential game-changer for #electricvehicle production and a step closer to a greener future. In space, Impulse Space, led by ex-SpaceX rocket specialist Tom Mueller, has just raised $150M to scale its #orbitaltransfervehicles. Their tech is transforming #satellite logistics, making space missions faster, more precise, and more efficient. Over in fusion energy, Marvel Fusion is aiming for the stars—literally. With $70M in new funding, they’re pushing forward with laser-based #nuclearfusion technology, hoping to prove it commercially viable by 2027. Could this be the breakthrough that delivers clean, limitless energy? 👚 And finally, in sustainability, Matter. and Paradise Textiles are taking on the textile industry’s #microplastic problem. Their innovative microfiber capture technology stops pollution at the source, making f#ashion more eco-friendly from the production line onward. 👉🏻👉🏻👉🏻 Curious? Dive into the full briefing here: https://lnkd.in/d8npedNf 🚀 Every Sunday, we bring you five stories that surprise, inspire, and showcase the relentless progress in #deeptech. 🔔 Subscribe now and join a community of visionary #founders, #VCs, #CVCs, and top innovators who are shaping the future of #tech and #innovation. #deeptech #hardtech #techinnovation #foresight #entrepreneurship #startups #investing #business #science #industry
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🎉 Congratulations to Aliena Pte Ltd, Botsync, and Mesh Bio for making this year’s Forbes Asia 100 to Watch list! The Forbes Asia 100 to Watch list highlights the most promising and innovative companies that are making significant strides in their respective industries. Each company featured is recognised for its exceptional growth, pioneering technologies, and transformative approaches in industries such as spacetech, biotech, robotics, and more. 🚀 Aliena, led by CEO Mark Lim Jian Wei, is revolutionising space technology with its innovative Multi-Stage Ignition Compact (MUSIC) engine, providing electric propulsion for small satellites and allowing them to fly closer to Earth in very low Earth Orbits (VLEO). 🤖 Botsync, spearheaded by CEO Rahul Nambiar, is transforming the manufacturing and robotics landscape. Their mobile robots, designed for factory and warehouse automation, and their user-friendly no-code platform, have already helped organisations streamline their factory and warehouse operations. 🧬 Mesh Bio, under the leadership of CEO Andrew Wu, is advancing biotechnology with its digital twin technology, offering critical insights into patient responses to treatments. Their continued collaboration with Singapore’s hospitals islandwide highlights their innovative approach. Congratulations to these outstanding startups for their impressive achievements and well-deserved accolades! 🎉 Read more about the award and winners here: https://lnkd.in/gW8a8kfU #startup #award #manufacturing #spacetech #innovation
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Space technology startup GalaxEye(https://lnkd.in/gEeyt2X3) has announced the first close of its fundraising round, raising $6.5 million led by Mela Ventures and Speciale Invest. The round also saw participation from ideaForge, with additional investments from Rainmatter by Zerodha, Navam Capital, Faad Network Capital, and Anicut Capital LLP. The funds will be used for launching its first satellite, 'Drishti Mission'. GalaxEye Space is an innovative space technology startup based in Chennai, India, established in 2020 by a team of IIT Madras students. They are currently developing the world's first multisensor imaging satellite for Earth observation purposes, named Drishti. Their mission is to provide intuitive, all-weather information over any area of interest across the globe. The company has recently secured a $3.5 million seed round led by Speciale Invest, along with several other investors, aiming to hire talent and expedite the launch of their multi-sensor satellite for Earth observation. The startup plans to commercialize its operations after launching the satellite in 2023. GalaxEye Space's patented Drishti technology combines multiple sensors to generate precise imagery, which can be used to detect changes in various types of infrastructure, tackle natural disasters, and more. The company aspires to lead the industry in multi-sensor imaging and contribute to making India self-reliant in space exploration. Suyash Singh #innovation #management #digitalmarketing #technology #creativity #futurism #startups
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Canadian #entrepreneurs, it's time for your ideas! 💡 Canada stands as a stronghold of innovation and #aerospace #industry! That's why Safran has chosen it to launch its new program, Safran Explore, aimed at identifying promising #startups. What's the principle behind "Safran Explore Canada"❓ It challenges Canadian startups to propose innovative technologies in various fields: artificial intelligence, quantum computing, industry 4.0, robotics, "new space," and #decarbonization. 🔑 What's in it for the winning startups? ✅ They will have the opportunity to work with Safran experts on long-term, tangible innovation projects. ✅ They can receive support from the Centech Mtl accelerator. ✅ They will gain visibility through Safran Corporate Ventures. 📝 So, why not you? Details and registration here ➡️ https://lnkd.in/g9snYtVS
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Google-backed spacetech startup Pixxel raises $24 Mn more in Series B: Spacetech startup Pixxel announced the closing of $24 million in additional funding as part of its Series B round from new investors M&G Catalyst and Glade Brook Capital Partners, who join existing backers, including Google, Radical Ventures, Lightspeed, and others. The Bengaluru- and California-based startup had earlier raised $36 million in the first tranche of its Series B round in June last year. With this, Pixxel has raised a total of $95 million across all funding rounds to date. The funds will help Pixxel accelerate the launch of its 18 commercial hyperspectral satellites and expand its AI-driven Earth Observation platform, Aurora, for analysis and actionable insights. Founded by Awais Ahmed and Kshitij Khandelwal, Pixxel is developing hyperspectral imagery satellites, which capture a spectrum of light divided into hundreds of narrow spectral bands to better understand and discern anything on the planet. According to Pixxel, its hyperspectral satellites are designed to capture data across more than 250 spectral bands at a 5-meter spatial resolution, spectrally fingerprinting the Earth and delivering details invisible to conventional imaging methods. With applications spanning agriculture, climate monitoring, resource management, mining, environmental protection, energy, urban planning, and more, Pixxel’s technology equips organizations with the critical intelligence required to make informed, data-driven decisions. In February this year, Pixxel unveiled the first set of hyperspectral images from its satellites, capturing intricate details of the land and water features of regions such as the Krishna River Delta (India), Palm Islands (Dubai), Super Pit (Australia), Saloum River Delta (Senegal), Granny Smith Gold Mine (Australia), and Brockman (Australia). Recently, the company won the largest supplier deal by an Indian company from the National Aeronautics and Space Administration (NASA). According to TheKredible, Pixxel reported an operating revenue of Rs 15.33 crore and a loss of Rs 10.17 crore in FY23, while its annual report for FY24 is yet to be filed. #Pixxel #SpaceTech #Funding
Google-backed spacetech startup Pixxel raises $24 Mn more in Series B
entrackr.com
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Pixxel's Satellite Success A Proud Moment for India's Tech Startups 🌌🚀 India’s tech startup ecosystem is reaching new heights! On January 14, 2025, Bengaluru-based Pixxel launched India’s first private satellite constellation, showcasing innovation and determination. Why It Matters: Hyperspectral Imaging: Pixxel’s satellites capture detailed data for agriculture, mining, environmental monitoring, and defense. Global Impact: Serving clients like Rio Tinto and BP, Pixxel taps into the $19 billion satellite imagery market projected by 2029. Vision & Innovation: From leveraging advanced tech to forming strategic partnerships, Pixxel leads by example. Lessons for Us All: Innovation Drives Growth: Cutting-edge solutions solve real-world problems. Global Ambition: Indian startups are making their mark on the world stage. Pixxel’s success is a shining example of how Indian startups are blending vision and execution to compete globally. What’s your favorite Indian startup success story? Let’s discuss and celebrate innovation together! 🌏✨ #Pixxel #IndianStartups #Innovation #SpaceTech #SatelliteImagery #IndiaRising
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𝗧𝗘𝗖𝗛 𝗧𝗜𝗗𝗕𝗜𝗧𝗦: Emerging Tech Startups of June 2024 🤔Are you curious about the next wave of tech innovations that could transform your industry? June 2024 brings a surge of groundbreaking tech startups that are not only tackling critical global issues but also setting new benchmarks for technological progress. By keeping an eye on these emerging companies, you'll gain insights into the future trends and opportunities that could shape your business strategy. 🔬 This month, we spotlight some of the most promising startups poised to revolutionize various sectors. Let’s delve into these standout startups: - QuantumLeap Technologies (San Francisco): Revolutionizing quantum computing with adaptable quantum processors. - Ecosynth (Berlin): Creating renewable synthetic fuels. - NeuroNexus (Boston): Developing non-invasive brain-computer interfaces. - Agribot (Tel Aviv): Automating agriculture with advanced robotics. - SecureSphere (Toronto): Enhancing cybersecurity with AI-driven solutions. - UrbanAir (Tokyo): Innovating electric vertical take-off and landing (eVTOL) vehicles for urban transport. These startups are driving forward with groundbreaking technologies, addressing global challenges creatively and effectively. #technews #techtidbits #startups #technology #hiring #LeamarHiring
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Asia's Tech News, Weekly: November 23rd round-up Taiwan-EU semiconductors proposed under EU Chips Act, China's reusable 'space plane', South Korea's plans for 4 'startup cities', 10 new TSMC fabs in the pipeline starting 2025, world's-largest floating solar panels array in China, India's space station goals, Malaysia looks to develop a Malay LLM for use in GenAI, food-tech startups showcased in Tasmania, New Zealand hits a hypersonic flight milestone, SpaceX launches for India, and many more. Read the Startup News Asia weekly tech newsletter in full on LinkedIn at: https://lnkd.in/gj3Nu3AU Or get it on Substack at: https://lnkd.in/gsFe3HVQ #asiatechnews #technology #spacetech #southeastasia #technews #genAI #startups #semiconductors #startupindia #startupmalaysia #startupaus
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Explore the dynamic growth of India's space technology sector, which secured a remarkable $126 million in funding in 2023, marking a consistent upward trend despite global funding slowdowns. With significant investments concentrated in early-stage ventures and cities like Bengaluru leading in startup activities, companies such as Skyroot Aerospace and Pixxel are setting benchmarks in innovations. This pivotal development provides insights into emerging trends and the leading players shaping the future of spacetech in India. https://lnkd.in/dRnVuqfB #SpaceTech #SpaceTechnology
Indian space tech startups secured $126 million funding in 2023, up 7% from 2022: report
msn.com
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EtherealX Aims High: $5M Seed Funding Paves Way for Fully Reusable Launch Vehicles 🚀💰 #EtherealX #ReusableLaunchVehicles #SeedFunding #SpaceStartups #IndianSpaceTech #LinkedIn #Innovation EtherealX, an ambitious Indian space startup, has secured $5 million in a seed funding round to revolutionize satellite launches. With a focus on fully reusable medium-lift launch vehicles, EtherealX aims to reduce costs and waiting periods associated with traditional space launches. By offering absolute reusability for both the upper stage and booster, EtherealX hopes to outpace competitors like SpaceX, which currently offers only partial reusability. Founded in 2022 by industry veterans, the company is poised to make a significant impact on the global space race, showcasing India's growing prowess in the field of innovative space technology. #innovation #management #technology #Future #Startups #AI #creativity #chatgpt
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